#EURNOK @ 10.83100 to move back lower toward 10 by end-2023 – Nordea
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at Nordea expect the EUR/NOK pair to remain rabebound in the near term and start to edge lower in the second half of the year.
“It is likely EUR/NOK will remain rangebound in the short term in the interval 10.50-11.00. However, we expect to see a lower EUR/NOK toward year-end.”
“Bright spots for the NOK should be higher petroleum investments (implies increased NOK buying from oil companies), the reopening of China which means higher oil prices, and central banks pausing their rate hikes.”
“We see EUR/NOK at 10.20 by mid-2023 and around 10.00 at end-2023.”
[/s2If]
Join Our Telegram Group
